The whole work under this contract will be awarded as a single contract to the lowest responsible bidder for the work. No bid may be withdrawn for at least fortyfive (45) days after the scheduled closing time for receipt of bids. All addendums will be posted on the same website. Each proposal must be accompanied by a Bidder's Bond, or Cashier's Check upon any solvent Bank or Trust Company, payable without reserve to the City of Muskogee, Oklahoma, in an amount not less than five percent (5%) of the total amount of the bid. Bid security of the two low bidders will be retained until approval of contract and execution ofsatisfactory bonds by the successful bidder, or until other disposition on the bids is made. The bonds required will be a Payment Bond, a Performance Bond, each in the full amount of the contract. The City will not accep letters of credit in lieu of any bond required herein. On Projects exceeding $50,000, bids shall be accompanied by a sworn statement that the bidders are committed to the goal of at least 50% of all salaries paid to employees shall be to bona fide residents of the City of Muskogee and the bidders will comply with the provisions of City of Muskogee Resolution No. 2392 provides for the use of Local Labor and would be a 5% recognized reduction of the bid price although not a mandatory item. The bidder (Proposer) must supply all the information required by the bid and proposal form including completion of affidavits or his bid will be considered incomplete and therefore rejected. The City may request of any bidder, before his bid is considered for award, that he submit a statement of facts as to his previous experience in performing work of the same character and magnitude, as to his business and technical organization, and financial resources and plant available and to be use in performing the contemplated work. Each bidder must have such information, together with a recent financial statement, available upon request. The City of Muskogee reserves the right to evaluate bids, to reject any or all bids, and to waive any informality in any bid.